Answer:
The computation of the given question is shown below:-
Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)
= $250 + $125
= $375
1. Future Value = PMT [((1 + r)n - 1) ÷ r
Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)
= $347,272
2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years
= $250 × 12 Months × 40 Years
= $120,000
3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years
= $125 × 12 Months × 40 Years
= $60,000
4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer
= $347,272 - $120,000 - $60,000
= $167,272
Step-by-step explanation:
Answer:
6 minutes
Step-by-step explanation:
Mr Crenshaw checks at a rate of 1/10 and Mr. Aguirre checks at a rate of 1/15.
If they work together, they will be checking at a combined rate of:
1/10 + 1/15 = [3(1) + 2(1)]/30
= 5/30 = 1/6
Their combined rate is 1/6 which means they check one set in 6 minutes
Step-by-step explanation:
Draw diagonal AC
The triangle ABC has sides 17 and 25
Say AB is 17, BC is 25
Draw altitude on side BC from A , say h
h = 17 sin B
Area = 25*17 sin B = 408
sin B = 24/25
In ∆ ABC
Cos B = +- 7/25
= 625 + 289 — b^2 / 2*25*17
b^2 = 914 — 14*17 = 676
b = 26
h = 17*24/25 = 408/25 = 16.32
Draw the second diagonal BD
In ∆ BCD, draw altitude from D, say DE =h
BD^2 = h^2 + {(25 + sqrt (289 -h^2) }^2
BD^2 = 16.32^2 + (25 + 4.76)^2
= 885.6576 + 266.3424
BD = √ 1152 = 33.94 m
Always add them all around and then divide the two and you should get the correct answer
